UPS Financial News

The lending institution earlier used to provide a Personal Loan of a maximum of Rs. 3 lakh. Now, they are increasing their limit to Rs. 5 lakh. Now have bigger financial support from Hero FinCorp with a 500000 Personal Loan.

HDFC Bank on Thursday said that going forward its advances will grow slower than its deposits, as it adjusts to its merger with parent HDFC limited. In his annual address to shareholders, managing director Sashidhar Jagdishan said that the bank will work towards bringing down its credit to deposit ratio, look at prepaying HDFCs borrowings and explore profitable lending sources. “During this time of adjustment, the bank would grow its advances a little slower than the deposit growth,” Sashidhar Jagdishan, MD, HDFC Bank said in his annual address. His speech was published as part of the annual report. “We will avoid pursuing growth which does not meet our risk adjusted profitability thresholds.” Jagdishan also said that the bank is working towards bringing down its CD ratio. The credit to deposit ratio of the lender had touched 110%. Prior to the merger the private lender has maintained CD ratio in the range of 85-87%.

Court officials say closing arguments in the espionage trial of U.S. journalist Evan Gershkovich will be held Friday, as the proceedings picked up speed in a case that has seen the reporter held in pre-trial custody for over a year

WNBA players' union head Terri Jackson is concerned the league is being undervalued with the $2.2 billion over 11 years it will receive as part of the NBA’s recently approved media rights deals

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California will be the first state to receive federal funds under a program to create regional networks, or “hubs,” that produce hydrogen as an energy source for vehicles, manufacturing and generating electricity

Asylum-seekers have gravitated to working food delivery in New York and other major cities, drawn by an abundance of customers and ease of getting started

A Chinese-led consortium has pulled out of its contract with Cyprus to build the island nation’s first natural gas import terminal over what it says was the Cypriot government’s failure to pay what it owed for work completed this year

Premarket trading was mixed on Wall Street Thursday, one day after the technology sector took a drubbing on worries over potentially worsening trade tensions with China

Lawmakers at the European Parliament have re-elected Ursula von der Leyen to a second 5-year term as president of the European Union’s executive commission

Sales of U.S. homes to foreign nationals have fallen to the lowest level in more than a decade, hampered by a strong dollar and many of the hurdles that have kept the housing market in a deep sales slump for over two years

China's ruling Communist Party has ended a top-level meeting by endorsing policies aimed at building the country's technological power and fortifying its national security

more ‘optimistic’ about job creation than other sources, even those that use similar methodologies, and the criteria of who is employed or unemployed. The ILO estimates the labour force (the number of people employed or looking for jobs) grew by 99.2 million between 2000 and 2019. The workforce over the same period, or the number of people actually employed, grew at a slower rate—79.4 million people.

revival of rural spending has turned out to be a bright spot in the evolution of demand conditions, the Reserve Bank said in its Bulletin on Thursday. Global economic activity appears to be strengthening across advanced economies (AEs) and emerging market economies (EMEs) and global trade in goods and services is gathering momentum, said an article on 'State of Economy' published in the RBI's Bulletin. It further said monetary policy divergence is setting the tone for global economic developments. «In India, the second quarter of 2024-25 has begun with signs of quickening momentum in the economy,» said the article.

A grand experiment is underway in Nevada where an endangered desert wildflower stands in the way of a mining company's plans to dig for lithium to help speed production of batteries for electric cars and other green energy projects

In crisis-ridden Venezuela, nothing has been spared the uncertainty that plagues everyday life

Ford says it plans to start making its F-Series Super Duty pickups at a plant in Ontario, Canada beginning in 2026 in order to keep up with customer demand for the vehicle

Gonda (Uttar Pradesh) on Thursday afternoon leading to multiple passenger deaths and injuries. Trains on the Lucknow-Gonda-Gorakhpur route had to be rerouted or cancelled after the incident. This is the second major train accident in less than two months on the Indian Railways network. Officials aware of the development said the Indian Railways is examining possibility of track sabotage as the train driver is said to have heard an explosion before the derailment. At least two casualties and up to seven injuries were officially confirmed by the Indian Railways till 5:30 PM. The accident had occurred at 2:37 PM.

Income tax rebate under section 87A of the Income-tax Act 1961, is a tax benefit which reduces a taxpayer's net quantum of tax payable to nil if they meet the total income condition. It is given only to those taxpayers who have an income up to Rs 5 lakh under the old tax regime or up to Rs 7 lakh under the new tax regime. However, following an update in the ITR filing utility on July 5, 2024, experts have noted that many taxpayers were denied the benefit of tax rebate under section 87A if they had a special rate income. According to Anand Bathiya, president, Bombay Chartered Accountants' Society (BCAS), «Post 5th July 2024 the income tax return (ITR) filing utilities are not allowing the rebate under section 87A for various special rate incomes, including short-term capital gains on equity shares or equity oriented mutual funds taxable at 15% under Section 111A.»

Infosys, India’s second-largest IT services giant, has seen a reduction in its headcount during the April to June period by 1,908 employees, marking the sixth consecutive quarterly decline in its total workforce. Its total employees for the period ending June stood at 315,332 as compared to 317,240 in the March quarter. The employee count declined by 20,962 from a year ago.

Jason Starr felt the first flashbacks of pandemic PTSD back in mid-April.